Akzo Nobel India Limited has informed the Exchange regarding the Letter of Offer dated 14th October 2025 received by the Company from Morgan Stanley India Company Private Limited in relation to the open offer for acquisition of equity shares from public shareholders of the Company by JSW Paints Limited and it PACs.
JSWDULUX · price
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JSW Dulux Limited (formerly Akzo Nobel India Limited) has received a Letter of Offer dated 14th October 2025 from Morgan Stanley India Company Private Limited, which is managing the open offer process. The open offer is being made by JSW Paints Limited along with its Persons Acting in Concert (PACs) to acquire equity shares from the public shareholders of JSW Dulux. This filing is a procedural disclosure informing the exchange that the formal offer document has been dispatched to shareholders. Public shareholders now have the option to tender their shares at the offer price during the tendering period.
Public shareholders of JSW Dulux can now review the Letter of Offer and decide whether to tender their shares. The open offer price may act as a floor for the stock price in the near term, and the event signals a change in control of the company from Akzo Nobel to the JSW Group.